If you're diving into the Solana ecosystem, especially the wild world of meme tokens, you've got to keep an eye on the protocols raking in the big bucks. A recent tweet from @FabianoSolana breaks down the top 10 revenue-generating protocols on Solana over the last seven days, and it's a goldmine of insights for anyone interested in DeFi and memes.

The chart shows Pump.fun leading the pack with a whopping $9.22 million in 7-day revenue and a market cap of $1.4 billion, giving it a market cap to revenue ratio of 152. Right behind is Jupiter at $5.58 million revenue and $1.1 billion market cap. Others like Axiom, Phantom, and Photon have slashes for market caps, meaning they might not have tokenized assets or the data wasn't available. But the real standout here, as the tweet points out, is how only Pump.fun and ORE are fully committed to buying back 100% of their tokens with revenue—and ORE takes it a step further by burning 90% of those buybacks, with the rest rewarding stakers.

Why Pump.fun Matters for Meme Tokens

Pump.fun has become synonymous with meme token launches on Solana. It's a platform where anyone can create and launch a meme coin in minutes, often leading to viral pumps and, yes, some dumps. This protocol's revenue comes from trading fees and launches, and by buying back its own $PUMP tokens, it's creating scarcity that could drive long-term value. For meme enthusiasts, this means a more sustainable ecosystem where the underlying tech isn't just hype—it's profitable.

Diving into ORE: Solana's Bitcoin-Like Gem

The tweet quotes a deeper thread on ORE, which has surged over 6,000% since October. ORE is essentially a store-of-value token on Solana that you can mine through a user-friendly interface. Unlike Bitcoin's 21 million cap, ORE has a hard cap of 5 million tokens. Its tokenomics are killer: 100% of revenue goes to buybacks, with 90% burned forever and 10% to stakers. This deflationary model has shrunk the supply by about 0.25% in just a week.

Revenue for ORE comes from miners—thousands of them—who stake SOL to participate in a gamified mining process. Every minute, a block is selected, and winners get SOL rewards. There's even a "motherload pool" that builds up like a jackpot, often hitting near $100K, drawing in more players. While it feels like an on-chain lottery, the refining process offers over 120% APR on unrefined ORE, making it attractive even if you don't hit the big win.

What sets ORE apart? It's one of the first SoV assets on a non-Bitcoin chain, with no inflation and full buybacks. The gamification ensures viral spread on platforms like X, keeping the cycle going as long as miners are hooked.

Implications for the Meme Token Ecosystem

These protocols aren't just numbers on a chart—they're the backbone of Solana's meme token frenzy. Pump.fun democratizes meme creation, while ORE's mining adds a layer of engagement that could inspire similar mechanics in future memes. As Solana continues to grow, watching these revenue leaders will give you an edge in spotting the next big thing. If you're into DeFi or memes, protocols like these are where the real innovation (and profits) are happening.